The IPO of Zylog Systems for which we had a SUBSCRIBE recommendation was heavily subscribed by Retail and Institutional Investors. Total over-subscription 76.51 times. Here is the final break up.
| Sr.No. |
Category |
No.of shares offered/reserved |
No. of shares bid for |
No. of times of total meant for the category |
|
Qualified Institutional Buyers (QIBs) |
2100000 |
188063600 |
89.5541 |
|
Non Institutional Investors |
350000 |
50383980 |
143.9542 |
|
Retail Individual Investors (RIIs) |
1050000 |
36889600 |
35.1330 |
The fate of Rs 98,000 application will also be decided by lottery. Ratio of allotment for Rs 98,000 application will be 1 : 2.5. Grey Market Premium si already Rs 150+. Good Luck!!!
Omnitech Info Solutions:
The issue was oversubscribed by 61.84 times. Here is the final breakup.
| Sr.No. |
Category |
No.of shares offered/reserved |
No. of shares bid for |
No. of times of total meant for the category |
| 1 |
Qualified Institutional Buyers (QIBs) |
1847199 |
114073140 |
61.7547 |
| 2 |
Non Institutional Investors |
554160 |
60216660 |
108.6629 |
| 3 |
Retail Individual Investors (RIIs) |
1293039 |
65884920 |
50.9535 |
The stock is expected to list at Rs 150. Good Luck for your allotment. We strongly recommend value investors to AVOID IVR Prime Urban Developers IPO.